Morningstar SRRI

Lower Risk

Higher Risk

1

2

3

4

5

6

7

Potentially Lower ReturnsPotentially Higher Returns

Source: Morningstar

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Investment Objective

The investment objective of the Fund is to maximise total return (income plus capital). The Fund will seek to achieve its investment objective by investing at least two thirds of its gross assets in global debt instruments in any currency, ranging from AAA Government Bonds through to high yield and emerging market bonds. The investment grade and government bond sector includes all fixed income securities available globally, including (but not limited to) the following: The Fund may invest in government and corporate bonds which may be at a fixed or floating rate, rated or unrated.

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Portfolio Profile31/08/2019

Morningstar Style Box®

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Fixed Income Style

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Asset Allocation %

Long

Short

Net

Stocks

0.63

0.00

0.63

Bonds

111.15

17.31

93.83

Cash

109.60

108.56

1.05

Other

4.50

0.00

4.50

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Top Fixed Income Sectors

Fixed Income Sector

%

Future/Forward

82.52

Corporate Bond

58.01

Government

26.55

Government Related

6.60

Convertible

4.53

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Top Holdings

Name

Country

%

IncreaseDecreaseNew since last portfolio

Short Gilt Future Dec19 2019-12-27

United Kingdom

10.81

US 10 Year Note (CBT) Dec19 2019-12-19

United States

9.11

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AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.